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Bitcoin Could Rip by 137% in a ‘Perfect Scenario,’ According to Analyst Benjamin Cowen – Here’s His Outlook

Popular crypto analyst and trader Benjamin Cowen says that one astronomical price target remains in play for Bitcoin ( BTC ) this cycle. In a new interview with Kyle Chasse on his YouTube channel, Cowen says that Bitcoin may surge to as high as $200,000 if the flagship crypto asset is currently in a right-translated cycle – or a market cycle where prices tend to peak later rather than earlier. “I would say that it’s possible if we get a right translated cycle that from the bottom Bitcoin could go up about 10x or something, which would probably put it around $150,000. So I would say, in a right translated cycle my guess is that it would be anywhere from like $120,000 to like $150,000. It’s possible in the perfect scenario that it could go all the way up to $200,000. I don’t think Bitcoin will hit $300,000 this cycle. I do think Bitcoin will eventually hit $300,000, but I don’t think it will be this cycle.” He says that Bitcoin needs to hold the 2024 high of about $72,000 on the weekly chart to remain on track to hit fresh all-time highs this cycle. “Anything is possible. And I would certainly be more optimistic if we can definitively hold that 2024 high [around $72,000 on the weekly chart] and start to move back up. I would definitely become more optimistic later on this year. That’s my main concern right now, is, if there is another pullback, can we hold it? The good news is we’ve held it so far, and we actually technically we haven’t even tested it. So the good news is if there is another drop, you probably would have some bulls try to hold the line at those levels because we haven’t even tested those levels yet.” Bitcoin is trading for $84,483 at time of writing, flat on the day. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Could Rip by 137% in a ‘Perfect Scenario,’ According to Analyst Benjamin Cowen – Here’s His Outlook appeared first on The Daily Hodl . NewsBTC

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Android with Telegram Trojan, 4chan Hack, and Other Cybersecurity Events

4chan shut down servers after a major hack. Google introduced forced reboot for Android. Trojan for Chinese smartphones stole over $1.6 million in cryptocurrencies. Vulnerabilities found in several Bitcoin wallets. Google introduced forced reboot for Android In the latest update of Google Play services, a function of automatic reboot for Android devices appeared. It will complicate data extraction using modern forensic tools. When the phone is turned on, it goes into the Before First Unlock state, in which most user data remains encrypted. But after the first unlock, in the After First Unlock (AFU) state, they become available for extraction. Thanks to the new feature, the device will automatically reboot if it remains inactive for 72 hours. Trojan for Chinese smartphones stole over $1.6 million in cryptocurrencies Dr.Web researchers reported preinstalled trojanized applications in budget copies of premium Android smartphone models from Samsung and Huawei. Among the modified programs are messengers WhatsApp and Telegram, QR code scanners, and others. The Shibai malware intercepts the app update process and also searches chats for Ethereum or Tron crypto wallet addresses and replaces them with fraudulent ones. In addition, it scans saved images for the presence of seed phrases. The attackers use about 30 domains to distribute malware and more than 60 command servers. Over the past two years, the wallets of the scheme organizers received over $1.6 million. Vulnerabilities found in several Bitcoin wallets Coinspect researchers discovered critical vulnerabilities in browser wallets Stellar Freighter, Frontier Wallet, and Coin98 that allow assets to be stolen unnoticed. To connect to dapps, browser wallets inject code into every tab visited by the user, establishing a communication channel. It allows the app to recognize the wallet and request access to key functions such as viewing balance or initiating transaction approval requests. Messages are transmitted to the Background Script, which has access to the private key. The final interaction takes place in the wallet interface. Unlike long-term connections that create separate channels for different parts of the extension, this approach does not have such separation. An attacker can intentionally cause confusion by sending a message to a privileged API through a listener in the background script. Malicious requests imitate legitimate ones and may lead to the display of the seed phrase for backup purposes. Experts have passed details about the vulnerability to the developers of each of the three wallets. So far, all have made the necessary fixes. 4chan shut down servers after major hack On April 14, the online forum 4chan was subjected to a serious attack and suspended operation . Members of the imageboard Soyjak.party took responsibility for the incident. Screenshots of the administrator and staff control panels, as well as a list of emails presumably belonging to the platform’s leaders and moderators, were leaked online. As Bleeping Computer writes , potential interception of maintenance tools gives hackers access to the location and IP address of any user, the ability to restart any 4chan boards, and manage databases. Later the same day, the forum’s source code appeared on Kiwi Farms. The alleged hackers did not disclose the attack vector. According to the community, the cause could be the platform’s outdated PHP version from 2016. To minimize damage, administrators presumably shut down the servers. At the time of writing, the site is unavailable. Darknet forum account owners offered to sell them anonymously Swiss cybersecurity company Prodaft announced the purchase of accounts from darknet forums. They are interested in accounts on XSS, Exploit, RAMP4U, Verified, and BreachForums registered before December 2022. Owners are guaranteed payment in cryptocurrency, with a higher amount for moderator or administrator accounts. The account must not be on the list of the most wanted by any law enforcement agencies. Also, as part of the initiative, users can anonymously report cybercrimes committed by someone. The deal is conducted anonymously using secure communication channels. Subsequently, the obtained data without seller information will be transferred to law enforcement for use in HUMINT operations and infiltration of closed cybercriminal communities. Reddit fulfilled only a quarter of Russia’s content removal requests The American platform Reddit received 122 content removal requests from government agencies and law enforcement of various countries in the second half of 2024. In particular, Russia sent 15 unique requests, of which the social network satisfied only four (26%). According to the report, less than a third of the requested content (27%) actually violated platform rules. Geoblocking was not applied in any case. The largest number of requests (24) was sent by the UAE authorities. In addition, a total of 27 legal requests turned out to be fake, about which Reddit notified law enforcement agencies. NewsBTC